Douglas Emmett Inc (NYSE:DEI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.5%.
Douglas Emmett Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.33 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 0.36% to $143.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Douglas Emmett Inc reported adjusted EPS income of $0.33 per share. By that measure, the company met the mean analyst estimate of $0.33. It missed the average revenue estimate of $145.96 million.
Quoting Management: There was no comment from management in the report.
Key Stats (on next page)…